Ann: Controlled Placement Agreement, page-10

I'm not sure how I feel about this.

I suggest people go check out the Kogi Iron threads (KFE), specifically around the Bergen agreement which seems near identical.

During the agreement with Bergen the SP was dropping slowly but surely over time. But it did help keep the company alive in the meantime until they could terminate the agreement.

Also, I suggest checking the celebrations on the threads once the Termination announcement was posted by KFE.

Negatives:
Massive dilution
Continuous share issuing
Share price dropping quickly (as per KFE as example)

Positives:
Company lives to see another day
I get to buy shares cheap on-market, but the market cap keeps falling

Honestly, don't know how I feel about this. Glad PNN hasn't got too much of my cash tied up at the moment.